Zoomlion buys Wilbert10 December 2018 by Sotiris Kanaris
On the occasion of the construction industry trade fair Bauma China, it was announced that Wilbert TowerCranes, based in Waldlaubersheim, Germany, is going to be sold to Zoomlion Heavy Industry Science & Technology.
Wilbert manufactures top-slewing tower cranes and has extensive experience in construction and rental.
“Zoomlion is one of the largest manufacturers of construction machinery in China. Now Zoomlion is looking for access to the European market through the acquisition of Wilbert TowerCranes,” said Wilbert.
Recently, the fate of Wilbert was in the hands of a Chinese financial investor. Through the takeover by Zoomlion, Wilbert now has a strong strategic partner on its side.
According to the vision of the new shareholder, Wilbert is going to stay a German crane manufacturer that, as before, also services the market segment of premium-quality tower cranes as a rental company. The expectation is that the takeover by Zoomlion is going to advance the targeted expansion of the capital-intensive core business in Germany and internationally.